就业增长低于预期提振了对美国国债的需求，从而推低了收益率，而美元则失去动能。ADP报告称，1 月份私营部门雇主净增22,000个就业岗位，低于《华尔街日报》调查的经济学家预期的45,000个。12月 份的数据也从41,000个向下修正至37,000个。在部分政府停摆导致非农就业数据推迟发布之际，该数据 成为市场焦点。尽管疲软的劳动力市场为货币宽松的呼声提供了支持，但市场普遍预计美联储下个月将 按兵不动。10年期美国国债收益率报4.268%，2年期美国国债收益率报3.570%。华尔街日报美元指数收 窄早盘涨幅，目前仅上涨0.1%。 来源：滚动播报 ...

格隆汇12月2日｜金价周二从六个多月高位回落，现货黄金日内失守4200美元/盎司，部分原因在于美债 收益率上升和获利了结拖累价格，同时投资者等待美国经济数据以研判美联储政策路径。基准10年期美 债收益率维持在近两周高点附近，削弱了无息资产黄金的吸引力。KCM Trade首席市场分析师蒂姆·沃 特指出："黄金今日表现疲软，但基本面未变——包括预期的美联储降息，从收益率角度看这应会支撑 金价。"市场态度谨慎，预计周五公布的美联储青睐的通胀指标核心PCE物价指数将保持温和。此外， 本周美国关键数据还包括周三的11月ADP就业报告。 来源：格隆汇APP ...

提醒：北京时间20:15，将公布美国7月ADP就业报告。 ...

Group 1 - The article highlights the upcoming release of the US ADP employment report for June at 20:15 Beijing time [1]

Core Viewpoint - US Treasury yields have stabilized after a significant decline due to weak economic data, with particular focus on upcoming non-farm payroll data [1] Group 1: Treasury Yields - The 2-year, 10-year, and 30-year US Treasury yields are currently at 3.879%, 4.367%, and 4.890% respectively [1] - The 2-year and 10-year Treasury yields fell by 8 basis points and 9.5 basis points respectively, influenced by the disappointing ADP employment report [1] Group 2: Employment Data - The ADP employment report has led to increased scrutiny on the upcoming non-farm payroll data, which is expected to be more significant than usual [1] - Analysts from Metzler emphasize that more signs of weakness in the labor market are needed before the Federal Reserve considers interest rate cuts [1]

Group 1 - The number of initial jobless claims in the U.S. increased by 18,000 to 241,000, the highest level since February, significantly above the market expectation of 223,000 [1] - The total number of individuals receiving unemployment benefits rose to 1.92 million, the highest since November 2021, indicating a prolonged reemployment cycle for the unemployed [1] - The four-week moving average of initial jobless claims increased to 226,000, which helps smooth out weekly fluctuations [1] Group 2 - The ADP employment report indicated that U.S. hiring slowed to the lowest level in nine months, with some service sectors experiencing layoffs [2] - Despite expectations that the unemployment rate will remain low at 4.2%, the unusual fluctuations in initial claims have cast a shadow over the job market [2] Group 3 - Following the release of the jobless claims data, the U.S. dollar index fell by 17 points, currently reported at 99.74 [3]